CICA Handbook definition
Examples of CICA Handbook in a sentence
Wherever in this Agreement reference is made to generally accepted accounting principles, such reference shall be deemed to be a reference to consistently applied accounting principles generally accepted in Canada, including those set forth in the CICA Handbook as published from time to time by the Canadian Institute of Chartered Accountants, or any successor institute, applicable as at the date on which such accounting principles are to be applied.
In accordance with Section 3861 of the CICA Handbook, the entire proceeds of the debentures have been allocated to debt.
Wherever in this Agreement reference is made to a calculation to be made or financial statements to be prepared in accordance with ASPE, the reference is to Canadian accounting standards for private enterprises under Part II of the CICA Handbook of the Canadian Institute of Chartered Accountants, as amended at any time, applicable as at the date on which the calculation is made or required to be made in accordance with ASPE.
June 1, 2003, the Company adopted the new standard in CICA Handbook Section 3063, "Impairment or Disposal of Long-Lived Assets." Under the new standard the Company performs an impairment assessment of long-lived assets held for use whenever events or changes in circumstances indicated that the carrying amount of the assets may not be recoverable.
INCOME TAXES In 2000, the Company adopted the provisions of CICA Handbook Section 3465 "Income Taxes" on a prospective basis.
Unless otherwise specified, any reference in this Agreement to "generally accepted accounting principles" is to accounting standards for private enterprises issued by the Accounting Standards Board of the Canadian Institute of Chartered Accountants ("CICA") and set out in Part II of the CICA Handbook as in effect at the date of determination.
All references to generally accepted accounting principles or “GAAP” mean Canadian generally accepted accounting principles applied on a consistent basis and which are in accordance with the recommendations made from time to time by the Canadian Institute of Chartered Accountants (as published in the CICA Handbook) on the date on which such generally accepted accounting principles are applied.
Audit Rights On an annual basis, BLJC‐WSI will conduct a point‐in‐time Section 5970 of the CICA Handbook examination (the “5970 Report”) in respect of the services provided to the Province, with content and timing of the 5970 Report to be mutually agreed upon.
The amounts recorded in the Statements will not reflect any asset impairment or liability (not including liabilities assumed) that may be required under CICA Handbook by any actions or decisions of Purchaser to acquire the Properties at or subsequent to the Closing Date, including, but not limited to, inventory write-downs, severance and termination benefits, relocation costs, receivable write-offs, assets impairments, lease termination costs and asset disposal costs.
In accordance with CICA Handbook Section 3062, "Goodwill and Other Intangible Assets", for purposes of CDN GAAP, and SFAS 142, "Goodwill and Other Intangible Assets", for purposes of U.S. GAAP, goodwill will be assigned to specific reporting units and will not be amortized.